Question

The value of your favorite car was $40,000 in 2019. You can only afford to pay $25,000. The depreciation rate is 12%. When can you afford the car?

Answer 1

Answer:

$40,000 Car Loan. Calculate the Monthly Payment.

Step-by-step explanation:

Answer 2

Answer:

3.13 years

Step-by-step explanation:

if that 12 percent was how much is depreciated each year